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REGISTERED NUMBER: 04855025 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Macaravans Limited
T/A
Newton Self Storage

Macaravans Limited (Registered number: 04855025)
T/A Newton Self Storage






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Macaravans Limited
T/A Newton Self Storage

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr A T Macara
Mrs A E Macara
Mr J A Macara
Mrs P Macara



SECRETARY: Mrs P Macara



REGISTERED OFFICE: Kings Newton Storage Depot Trent Lane
Kings Newton
Melbourne
Derbyshire
DE73 8BT



REGISTERED NUMBER: 04855025 (England and Wales)



ACCOUNTANTS: Mabe Allen LLP
Chartered Accountants
50 Osmaston Road
Derby
DE1 2HU



BANKERS: The Royal Bank of Scotland
41 Cornmarket
Derby
Derbyshire
DE1 2DG

Macaravans Limited (Registered number: 04855025)
T/A Newton Self Storage

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 480,418 525,846
480,418 525,846

CURRENT ASSETS
Stocks 7 3,375 2,987
Debtors 8 122,886 110,520
Cash at bank and in hand 311,649 256,934
437,910 370,441
CREDITORS
Amounts falling due within one year 9 218,528 199,372
NET CURRENT ASSETS 219,382 171,069
TOTAL ASSETS LESS CURRENT
LIABILITIES

699,800

696,915

PROVISIONS FOR LIABILITIES 80,330 92,289
NET ASSETS 619,470 604,626

CAPITAL AND RESERVES
Called up share capital 10 60 60
Retained earnings 619,410 604,566
SHAREHOLDERS' FUNDS 619,470 604,626

Macaravans Limited (Registered number: 04855025)
T/A Newton Self Storage

Balance Sheet - continued
31 August 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by:





Mr J A Macara - Director


Macaravans Limited (Registered number: 04855025)
T/A Newton Self Storage

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Macaravans Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Site buildings - 15% on cost
Plant and machinery - 25% on cost and 15% on cost
Storage containers - 5% on cost
Motor vehicles - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.


Macaravans Limited (Registered number: 04855025)
T/A Newton Self Storage

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that the outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 12 ) .

Macaravans Limited (Registered number: 04855025)
T/A Newton Self Storage

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 60,000
AMORTISATION
At 1 September 2022
and 31 August 2023 60,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

6. TANGIBLE FIXED ASSETS
Site Plant and Storage Motor
buildings machinery containers vehicles Totals
£    £    £    £    £   
COST
At 1 September 2022 236,840 94,244 1,121,835 79,290 1,532,209
Additions 15,000 26,242 63,250 - 104,492
Disposals - - (1,200 ) - (1,200 )
At 31 August 2023 251,840 120,486 1,183,885 79,290 1,635,501
DEPRECIATION
At 1 September 2022 80,150 67,134 805,685 53,394 1,006,363
Charge for year 12,592 11,910 106,220 19,198 149,920
Eliminated on disposal - - (1,200 ) - (1,200 )
At 31 August 2023 92,742 79,044 910,705 72,592 1,155,083
NET BOOK VALUE
At 31 August 2023 159,098 41,442 273,180 6,698 480,418
At 31 August 2022 156,690 27,110 316,150 25,896 525,846

7. STOCKS
2023 2022
£    £   
Stocks 3,375 2,987

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 53,733 56,700
Prepayments 69,153 53,820
122,886 110,520

Macaravans Limited (Registered number: 04855025)
T/A Newton Self Storage

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 47,001 44,152
Corporation tax 68,502 55,793
Social security and other taxes 40,670 39,666
Other creditors 48,100 45,999
Directors' current accounts 8,569 8,569
Accruals 5,686 5,193
218,528 199,372

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3 A Ordinary £1 3 3
43 B Ordinary £1 43 43
3 C Ordinary £1 3 3
11 D Ordinary £1 11 11
60 60